Swiss Chemical Distribution Industry sees further Consolidation
Swiss chemical raw materials and ingredients distributor IMPAG AG (Zurich, Switzerland) has acquired compatriot FALCONE Specialties AG (Regensdorf (Zurich), Switzerland) for an undisclosed sum from shareholders Sebastiano Falcone and Roman Widmer, effective 20. October 2021.
The company, which was founded in 2010 and serves a number of industries such as Paints & Coatings, Rubber, Food & Beverages and Nutrition, will continue to trade under its current name within IMPAG’s network of companies in Switzerland, Germany, France, Poland and Austria. FALCONE’s Managing Partner Roman Widmer will relinquish his current role effective end of 2021, and subsequently assume new responsibilties within IMPAG Group, the announcement said.
No financial details were disclosed on the transaction.
Source: IMPAG press release, FALCONE market communication, DistriConsult analysis
HGE – DCG / 29.10.2021